Question: Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. 2017 2016 Net sales $756,000

Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.

2017

2016

Net sales $756,000 $723,000
Cost of goods sold 482,500 444,500
Interest expense 7,600 4,700
Net income 49,000 42,000
Accounts receivable 122,500 109,000
Inventory 81,500 74,500
Total assets 581,000 504,900
Total common stockholders equity 429,500 321,800

INSTRUCTIONS:

Compute the following ratios for 2017. (Round answers to 1 decimal place, e.g. 1.6, or 1.6% .)

profit margin ???? %
asset turnover ???? times
return on assets ???? %
return on common stockholder's equity ???? %

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